Palantir Technologies (NASDAQ:PLTR) Trading Down 7.3% – Here’s Why

Shares of Palantir Technologies Inc. (NASDAQ:PLTR) fell 7.3% during trading on Thursday . The company traded as low as $128.47 and last traded at $130.49. 91,646,704 shares were traded during trading, an increase of 85% from the average session volume of 49,661,863 shares. The stock had previously closed at $140.76.

Key Palantir Technologies News

Here are the key news stories impacting Palantir Technologies this week:

• Positive Sentiment: Defense & commercial traction: Palantir’s entrenched military contracts (Maven, Army task orders) and recent commercial partnerships — including renewed work with Stellantis and reported ties to GE Aerospace, Nvidia and LG — provide durable revenue channels that bulls point to as a defense against disruption. QuiverQuant roundup
• Positive Sentiment: Strong top-line momentum: Palantir has reported consistent quarter‑over‑quarter revenue growth (Q4 2025 +70% y/y) and management has highlighted accelerating commercial adoption, which supports bullish analyst price targets (median ~$202.5). Fool revenue comparison
• Neutral Sentiment: Earnings and catalyst risk: Q1 results are upcoming and are acting as a near‑term catalyst — strong results could calm concerns, but any slowdown vs. lofty expectations would likely amplify selling. Zacks on valuation & catalysts
• Negative Sentiment: Michael Burry’s public critique and short stance: Comments from high‑profile investor Michael Burry warning that Anthropic is “eating Palantir’s lunch” sparked sharp intraday selling and amplified concern that Palantir could lose enterprise AI share to lower‑cost rivals. Barchart on Burry comments
• Negative Sentiment: Rich valuation leaves little margin for error: Coverage notes Palantir is trading at very high multiples (widely reported >200x EPS and lofty EV/sales), so investor expectations are baked in and any growth miss could trigger outsized downside. Zacks valuation piece
• Negative Sentiment: Insider selling and regulatory scrutiny: Reports of extensive insider sales and renewed UK/NHS scrutiny over data/ethics add reputational and political risk that can deter some institutional buyers. QuiverQuant insider & contract summary

Wall Street Analyst Weigh In

A number of research firms have recently commented on PLTR. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $200.00 target price on shares of Palantir Technologies in a research note on Tuesday, February 3rd. DA Davidson decreased their target price on shares of Palantir Technologies from $215.00 to $180.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 3rd. The Goldman Sachs Group decreased their target price on shares of Palantir Technologies from $188.00 to $182.00 in a research note on Tuesday, February 3rd. Truist Financial started coverage on shares of Palantir Technologies in a research note on Tuesday, January 6th. They issued a “buy” rating and a $223.00 target price on the stock. Finally, Jefferies Financial Group set a $208.00 target price on shares of Palantir Technologies in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $197.77.

Palantir Technologies Stock Performance

The firm’s 50 day moving average price is $144.76 and its two-hundred day moving average price is $167.09. The firm has a market cap of $312.09 billion, a PE ratio of 207.13, a PEG ratio of 2.94 and a beta of 1.68.

Palantir Technologies (NASDAQ:PLTR) last posted its quarterly earnings results on Monday, February 2nd. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.02. Palantir Technologies had a net margin of 36.31% and a return on equity of 23.81%. The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the prior year, the company posted $0.14 EPS. The business’s revenue for the quarter was up 70.0% on a year-over-year basis. On average, analysts forecast that Palantir Technologies Inc. will post 0.31 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Stephen Andrew Cohen sold 327,088 shares of the stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $133.72, for a total transaction of $43,738,207.36. Following the completion of the transaction, the insider owned 592 shares of the company’s stock, valued at approximately $79,162.24. This trade represents a 99.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Shyam Sankar sold 168,004 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $133.72, for a total transaction of $22,465,494.88. Following the transaction, the insider directly owned 642,786 shares of the company’s stock, valued at $85,953,343.92. The trade was a 20.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 1,029,879 shares of company stock worth $137,746,253. 9.23% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Palantir Technologies

Hedge funds have recently made changes to their positions in the stock. Bare Financial Services Inc boosted its position in shares of Palantir Technologies by 54.5% during the 3rd quarter. Bare Financial Services Inc now owns 156 shares of the company’s stock worth $28,000 after purchasing an additional 55 shares during the period. Basepoint Wealth LLC acquired a new stake in Palantir Technologies during the 4th quarter worth approximately $29,000. Financial Consulate Inc. acquired a new stake in Palantir Technologies during the 3rd quarter worth approximately $30,000. Retirement Wealth Solutions LLC acquired a new stake in Palantir Technologies during the 3rd quarter worth approximately $31,000. Finally, United Financial Planning Group LLC acquired a new stake in Palantir Technologies during the 3rd quarter worth approximately $32,000. Hedge funds and other institutional investors own 45.65% of the company’s stock.

About Palantir Technologies

Palantir Technologies is a software company that develops data integration, analytics and operational decision-making platforms for government and commercial customers. Founded in 2003 by a team that included Alex Karp and Peter Thiel, Palantir has grown into a provider of enterprise-scale software designed to help organizations integrate disparate data sources, build analytic models and drive operational workflows. The company went public in 2020 and continues to position its products around large, complex data projects where security, provenance and real-time collaboration are important.

Palantir’s product portfolio centers on a small number of core platforms.